The sale of 16.8 million of its shares at 19.5 liras each
was aimed at increasing Koza Altin’s free float, with Koza Ipek
group companies still controlling 70 percent of the company,
Koza Altin said in a statement to the Istanbul Stock Exchange
today. Buyers weren’t identified.

The shareholders, which also include Koza Ipek Holding AS,
ATP Insaat & Ticaret AS, and Ipek Matbaacilik Sanayi & Ticaret
AS, raised 328.2 million liras ($211.8 million) from the share
sale, Goldman Sachs Group Inc., the sole book-runner for the
placement, said in an e-mailed statement today.